India Furniture Market to Surpass $27 Billion by 2022
Growing construction, increasing number of household units and changing
lifestyle of consumers coupled with rising awareness regarding new designs of
furniture to drive India furniture market by 2022
According to a recently released TechSci Research report,
“India
Furniture Market, By Type, By Product
Type, By Point of Sale, By Raw Material Type, By Organized Vs. Unorganized,
Competition Forecast & Opportunities, 2012 – 2022”, the furniture market in India is anticipated to cross $27
Billion by 2022, on account of expanding working population base, rising number
of household units and increasing disposable income. Moreover, growing
awareness regarding newer designs of furniture and changing consumer lifestyle
are also expected to aid the country’s furniture market over the next five
years.
Browse 36 market data Tables and 70
Figures spread through 146 Pages and an in-depth TOC on "India
Furniture Market"
https://www.techsciresearch.com/report/india-furniture-market-by-type-home-office-institutional-by-product-type-sofa-bed-wardrobe-dining-table-others-by-point-of-sale-by-raw-material-type-by-organized-vs-unorganized-competition-forecast-opportunities/907.html
Increase in construction activities,
primarily of premium apartments, in India is another major factor responsible
for growing demand for furniture. Moreover, increasing marketing initiatives
coupled with growing awareness regarding the use of protective and comfortable
furniture is further aiding the market of furniture in India. There are
virtually no entry barriers in India furniture industry, and this factor acts
as an encouraging factor for local producers to open stores with ease in the
country. Thus, Indian furniture market is extremely unorganized, and numerous players
are operating in the market.
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“Over
the years, travel & tourism sector has been one of the major contributors
to growing demand for furniture in India. The number of foreign tourist in
India increased from 6.31 million in 2011 to 8.03 million by 2015. With
increasing number of domestic as well as foreign tourists, the same trend is
expected to continue over the next five years as well.”, said
Mr. Karan Chechi, Research Director with TechSci Research, a research based
global management consulting firm.
“India
Furniture Market, By Type, By Product Type, By Point of Sale, By Raw Material
Type, By Organized Vs. Unorganized, Competition Forecast & Opportunities, 2012
– 2022” has evaluated the future growth potential of
India furniture market and provides statistics and information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment evaluation.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities in India furniture market.
About TechSci Research
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